Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.2B | $25.3B | $21.5B | $21.2B | $21.4B | $24.5B | $21.2B | $22.8B |
| YoY | — | — | — | — | -3.7% | -3.2% | -1.6% | +7.6% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $2.0B | $2.9B | $1.7B | $1.8B | $1.8B | $2.6B | $1.3B | $930.0M |
| YoY | — | — | — | — | -9.1% | -12.0% | -23.9% | -49.0% |
| Pretax income | $1.9B | $2.1B | $1.5B | $1.7B | $1.6B | $2.4B | $1.1B | $761.0M |
| YoY | — | — | — | — | -15.9% | +11.5% | -26.2% | -54.2% |
| Income tax | $371.0M | $406.0M | $336.0M | $379.0M | $296.0M | $581.0M | $260.0M | $157.0M |
| YoY | — | — | — | — | -20.2% | +43.1% | -22.6% | -58.6% |
| Net income | $1.5B | $1.7B | $1.2B | $1.3B | — | $1.8B | $864.0M | $604.0M |
| YoY | — | — | — | — | — | +4.1% | -27.2% | -52.9% |
| EPS — basic | $1.80 | — | $1.40 | $1.51 | $1.55 | — | $1.02 | $0.71 |
| YoY | — | — | — | — | -13.9% | — | -27.1% | -53.0% |
| EPS — diluted | $1.80 | — | $1.40 | $1.51 | $1.55 | — | $1.02 | $0.71 |
| YoY | — | — | — | — | -13.9% | — | -27.1% | -53.0% |
| Weighted shares — basic | 855.0M | — | 850.0M | 847.0M | 848.0M | — | 850.0M | 851.0M |
| Weighted shares — diluted | 855.0M | — | 850.0M | 847.0M | 848.0M | — | 850.0M | 851.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.9B | $6.1B | $4.8B | $6.2B | $6.8B | $5.9B | $5.8B | $4.7B |
| YoY | — | — | — | — | +15.5% | -3.7% | +20.8% | -24.9% |
| Marketable securities (current) | $205.0M | $206.0M | $263.0M | $92.0M | $68.0M | — | — | — |
| YoY | — | — | — | — | -66.8% | — | — | — |
| Accounts receivable | $9.2B | $10.9B | $9.9B | $10.4B | $10.0B | $11.2B | $9.9B | $10.7B |
| YoY | — | — | — | — | +8.4% | +3.1% | +0.6% | +2.7% |
| Inventory | — | $826.0M | — | — | — | $739.0M | — | — |
| YoY | — | — | — | — | — | -10.5% | — | — |
| Total current assets | $17.3B | $19.3B | $17.1B | $18.9B | $19.0B | $19.0B | $17.8B | $17.5B |
| YoY | — | — | — | — | +10.0% | -1.4% | +4.1% | -6.9% |
| Total assets | $68.3B | $70.1B | $68.5B | $70.9B | $71.4B | $73.1B | $71.8B | $71.3B |
| YoY | — | — | — | — | +4.6% | +4.3% | +4.9% | +0.5% |
| Total current liabilities | $15.1B | $16.4B | $15.7B | $14.2B | $14.6B | $15.6B | $14.7B | $14.9B |
| YoY | — | — | — | — | -3.5% | -5.0% | -6.3% | +4.5% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $16.9B | $16.7B | $15.7B | $15.8B | $15.8B | $16.2B | $15.8B | $15.1B |
| YoY | — | — | — | — | -6.1% | -2.9% | +0.7% | -4.3% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.5B | $3.3B | $2.3B | $348.0M | $2.5B | $3.3B | $2.2B | $859.0M |
| YoY | — | — | — | — | +65.7% | -0.4% | -4.1% | +146.8% |
| Capital expenditures | $843.0M | $1.1B | $876.0M | $1.1B | $970.0M | $716.0M | $1.0B | $693.0M |
| YoY | — | — | — | — | +15.1% | -34.8% | +17.7% | -38.3% |
| Free cash flow | $655.0M | $2.2B | $1.4B | $-775.0M | $1.5B | $2.6B | $1.2B | $166.0M |
| YoY | — | — | — | — | +130.8% | +16.6% | -17.3% | +121.4% |
| Dividends paid | $1.3B | $1.4B | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B |
| YoY | — | — | — | — | +0.0% | +0.2% | +0.3% | +0.5% |
| Share repurchases | $500.0M | $0 | $1.0B | $0 | $0 | $0 | $0 | $0 |
| YoY | — | — | — | — | -100.0% | — | -100.0% | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 8.9% | 11.6% | 7.7% | 8.6% | 8.4% | 10.5% | 6.0% | 4.1% |
| Net margin | 6.9% | 6.8% | 5.5% | 6.0% | — | 7.3% | 4.1% | 2.6% |
| Free cash flow margin | 2.9% | 8.8% | 6.7% | -3.7% | 7.1% | 10.6% | 5.6% | 0.7% |
| Effective tax rate | 19.4% | 19.1% | 22.1% | 22.8% | 18.4% | 24.5% | 23.1% | 20.6% |
| Current ratio | 1.14x | 1.17x | 1.09x | 1.32x | 1.30x | 1.22x | 1.21x | 1.18x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| UPS FY25 · this stock | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.